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Home My WebLink AboutA051 - Bond No. 9 UNITED STATES OF AMERiCA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING BOND,SERIES 2015A $1,200,000 No.9 RATE MATURITY DATE DATE CUSIP 2.50% June 1,2024 September 22,2015 030807 T43 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity dale of this Bond to Cede&Co. New York,NY or registered assigns,the principal sum of ONE MILLION TWO HUNDRED THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June 1 and December I of each year,commencing June 1,2016,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. interest on this Bond is payable to the registered owner appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date,and shall be paid to the registered owner at the address shown on such registration books. interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. hl'; Bond is uric of s serie-s of(Jeneral Ol,tisll;won t"v�motiitc- llorpos•alit.! Refundin fronds,Series 2015A(the"Bonds") issued by the City in the =riir+�ipill sun,-nut of$18.4 15,000,to d�sddi:r«c its obi iwL.n under a cettain lour ailreerocrit t ucd as r?I'September 22,2015(the"Loan Agreement"),entered into u , 'it% I'll the purpose,of f paying loin oast,to tlt.it extcrit ofuoirstuicting;aueel Nviiwr in in,s utitttry and storm sewer,bridge,and related improvements; of consuu�iin it trews'munuaparl aitil ort wrimnal budding, of flood mii'iganon and rcinediati+fir, and of refunding the outstanding balances of the City General � ati�_vi i pit pot irtr€'t.,pit i.l3nntis,Series 2006A tuui Gcocrnti Ohlig,ationC"orporate Purpose Bonds,Series 2007A. t he ltoll, ,rc. isitiod pursuant io and in strict compliance with the provisions(If Chapters 76 and 384 or the Code(if luwai,2015,and all othei laws amendatory.n,r_of inid suplilerneiftal thereto,and in conformity with a resolution of this City Councli adopted and 4lrpr0vcd On September 8,'2015,authorizing and approving the 1,omi AEiQemcirt and providuig for the issuance and securing the payment of tlic Bonds(tire'`Itcsaaltition`},turd reterencc is hcreby made to the Resolution trnd the t orin Agri, meat l�rr tt mine°complete statementas to the source ol,-payment of Ole 1301lds and the rights of the owners of the Bonds_ The City reserves the right I,i prcr)ay pa rl drr tall of'tile llonils m,ittirtng in each of the years,2024 to 2035,inclusive,prior to and in any order of maturity on June 1,2023,or on any date thereaticr up(in tertrs td par filet iWCreied nitcrest. in,iddition,principal of the Bonds mtttur4nt;on June I in e;fctu of the years 2029, 2031,2033 and 2035 is subject to ina,id,itury n nip i in iby lot,19,e1cCed hs the i cgistr,u)tin the dates and in acc oidanee:with the mandatory redemption schedules set forth in the Resolution,III ai redenrpiionl pried Ill of the princ.ipol:,rndaunl thelcof to be redeemed,plus.leerucd interest thercon to the redemption date. if al,."Chan zill ref the Bonds of any like maturity are to be redeemed,the particular parr dif thusc liciiul t,,be jcd°enied sir ill be sclecicd by the Rcgistnar by lot. The Bonds riuty iac called in part in one or more units of$5,000. If less than the entire principal alnutinl nt my t9,:,nd in It dco oinimawn of wore.don$5,000 is to be ra"n)cd, the Registrar will issue and deliver to the registered owner thereof, upon surrender oaf';.trch original 13itud. ,r ncoti Bond or Bond in ally authorized denomination, in it total aggregate principal amount equal to the unredeemed balance of the otifinal 1300d, Nonce of uch iedeu1110oll to flib rtsairl identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the icgtsteicd owners thurcof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of rcdcmptiun inay 0011tutill astatement Ihttt the lcilemp non is Conditwncd upon the recoipt by the Payiirz A"'xiil of funds on or before the date fixed for redemption sufficient.to pay the mdemptkio p6ce ol'thc Boli(N sit,i i lkcd lot red-lption,and that it`6indii ar;not ovailablc,NA101 Ndcmption shall be cancelled by written notice to the owners of the Bonds called for rede,ulitiois iri rho taautr irtalnnct as life torigoull redemption nonce was so..nt, All of such Bonds as to which the City reserves and exercises the right of redemption and trs ur ashich uoticc as oloresaid shall biive been given and for the rrdentption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfae airy to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City,the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed prcccdatti to and in the is of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has been in, for'the levy of a sul7ieiient cootin'uing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the slime will respectively Wcotne elite',and that the total indebtedness of the City, including this Bond,does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF,the City of Ames,Iowa,by its City Council,has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of September 22,2015. CITY OFAMES,IOWA Bv tl.�y,ryr Aq�,l i i,)Clerk Registration Date:September 22,2015 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Regiwci'iv�te"' t By ter ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) IT TEN as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledWd,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint ,Attorney,to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: _ _ Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program.) NOTICC: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever.